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Manama, Bahrain — The Schumacher name will return to Formula One next season with Mick, son of Ferrari great and seven-times world champion Michael, announced on Wednesday as a race driver for the US-owned Haas team.

The 21-year-old German, who has signed a multiyear agreement, is leading the Formula Two championship ahead of this weekend’s finale at Bahrain’s Sakhir circuit...

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